8Hotels launching boutique offering in Pyrmont

Hotel operator 8Hotels will launch a boutique property in Sydney’s inner-city Pyrmont, with the $30 million redevelopment set to open next March. A private developer bought the property earlier this year for about $6.575 million in a deal brokered by Justin Rose from Deans Property, and is revamping it with the operator.

The five-storey woolstore built in 1888 at 139 Murray Street will have 90 rooms and a 60-seat restaurant. 8Hotels chief executive Paul Fisch­mann said the hotel was close to the Sydney Convention & Exhibition Centre and welcomed more hotels in the area. The building had been used as office space but Mr Fischmann said “it just screams out boutique hotel" rather than a residential conversion.

He said the 4½ star hotel would stand out, and added that trade at his other Sydney properties had “boomed since August onwards".